Railsr, the embedded finance platform, has today announced the appointment of Philippe Morel as Chief Executive Officer, Debbie Lotz as Chief Financial Officer and Nick Charteris as Chief Operating Officer. Philippe will report directly to Rick Haythornthwaite, Chair of the Board. 

Gatehouse Bank has appointed Lesley Beecher as a Non-Executive Director of the Bank.  
 

The fintech landscape continues to offer huge opportunities for growth and innovation, but the risk environment while pursuing these objectives is more challenging than ever before.

U.S.-based savings and investing startup Acorns has acquired London-based GoHenry, a startup focused on providing money management and financial education services to 6-18 year-olds in an all-equity deal, the two companies announced today.

Global Fintech leader Broadridge Financial Solutions, Inc., today announced that UBS and a global Asian bank have successfully executed the first cross-border intraday repo transaction on Broadridge’s blockchain-enabled Distributed Ledger Repo (DLR) platform. This ground-breaking intraday trade marks the launch of the next phase in the rollout of Broadridge’s DLR platform.

OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the week of April 3, 2023.

Allica Bank has made significant changes to its commercial mortgage credit appetite with cuts to its stress-testing and Debt Service Cover Ratio (DCSR) requirements across all products, and an increase in its maximum Loan to Values (LTV) for prime owner-occupied commercial mortgages. It has also reduced the DSCR requirement for its asset finance product.

Global identity verification provider ID-Pal today announced its partnership with award-winning Bluestone Motor Finance, specialists in providing motor lending solutions to drivers across Ireland since 2014. The partnership delivers a seamless journey for customers to verify their identity in real time and enables faster financing decisions.
 

Fourthline, the RegTech leader that provides AI-powered and compliant KYC and AML solutions, has raised €50m from Finch Capital and other new and previous investors. 

New research published by Bibby Financial Services (BFS) reveals the extent to which the UK’s small and medium-sized enterprises (SMEs) are exposed to substantial debt stress today. The average bad debt amongst UK SMEs has jumped 61 per cent - from £10,329 in Spring 2022, to £16,641 today. Currently, around 1.5 million - or 27 per cent - of SMEs are struggling with this issue.